FORUM ESTATES A/S — Credit Rating and Financial Key Figures

CVR number: 29917779
Amundsensvej 45, 2800 Kgs. Lyngby

Company information

Official name
FORUM ESTATES A/S
Personnel
1 person
Established
2006
Company form
Limited company
Industry

About FORUM ESTATES A/S

FORUM ESTATES A/S (CVR number: 29917779) is a company from GLADSAXE. The company recorded a gross profit of 573.5 kDKK in 2023. The operating profit was 776.8 kDKK, while net earnings were 497.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent but Return on Equity (ROE) was 9.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 46.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FORUM ESTATES A/S's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit636.542 055.00563.02564.77573.49
EBIT539.741 914.50863.04756.89776.78
Net earnings320.041 561.89327.12508.02497.36
Shareholders equity total2 559.864 121.754 448.874 956.895 454.25
Balance sheet total (assets)9 665.1612 180.2811 016.4811 224.0411 838.81
Net debt6 484.577 218.835 605.694 888.964 834.69
Profitability
EBIT-%
ROA6.3 %17.8 %7.5 %6.9 %6.7 %
ROE14.5 %46.8 %7.6 %10.8 %9.6 %
ROI6.7 %18.6 %7.9 %7.5 %7.5 %
Economic value added (EVA)-8.921 368.80186.30263.18305.14
Solvency
Equity ratio26.5 %33.8 %40.4 %44.2 %46.1 %
Gearing256.7 %176.5 %128.3 %99.0 %88.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.10.10.10.1
Current ratio0.20.10.10.10.1
Cash and cash equivalents86.3455.28101.0219.042.31
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:6.74%
Rating: 48/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:46.1%
Rating: 37/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member

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